GO
Loading...

Enter multiple symbols separated by commas

Latest Business News Wires - Business Headlines

More

  • NEW YORK, Jan 26- U.S. oil prices were steady Monday, ahead of the first big snowstorm this year in the country's Northeast, while benchmark Brent crude fell after pledges of no policy change by the top oil exporter Saudi Arabia after King Abdullah's death. The National Weather Service issued a blizzard warning for New York City and surrounding areas between...

  • FOREX-Euro ricochets off lows following Greek vote Monday, 26 Jan 2015 | 11:57 AM ET

    NEW YORK, Jan 26- The euro rebounded on Monday as investors took advantage of steep losses from two days of dramatic selling, with the final push down to a fresh 11- year low coming after the results of elections in Greece put an anti-austerity government in power. Greece elected, as expected, left-wing leader Alexis Tsipras of the anti-bailout Syriza party.

  • CHICAGO, Jan 26- Norfolk Southern Corp, the No. 4 U.S. railroad, expects a solid U.S. economy to boost its business in 2015 but said on Monday it was too early to gauge the overall impact of lower energy prices. Norfolk Southern's fourth-quarter profit was hurt by a 15 percent drop in coal revenue. The Norfolk, Virginia- based company said gains in its intermodal, or...

  • Turkish Airlines and Airbus declined to comment. A senior executive at the airline said last week it was considering expanding its fleet and was studying a list of Airbus and Boeing models including the A380. Fast-growing Turkish Airlines has long been on Airbus's target list as a potential customer for the aircraft.

  • Jan 23- Kimberly-Clark Corp is set to increase advertising and promotional spending for its diapers and launch new products in an escalating war with bigger rival Procter and Gamble Co in North America. Industry analysts say moms are either going upscale and choosing Pampers or going down-market with Luvs, both P&G brands, leaving Kimberly-Clark's mid-tier...

  • *Sees little imminent prospect of non- OPEC help on supply. LONDON, Jan 26- Oil prices at current levels may have reached a floor and could move higher very soon, OPEC's secretary-general said on Monday, his first public comment that oil's second-biggest decline on record may have run its course. Defending OPEC's decision, Badri warned that any oil supply cut would...

  • CHICAGO, Jan 26- A California turkey farm has been quarantined after confirmation of the first case of an outbreak of the highly pathogenic H5N8 avian influenza strain in the Pacific Northwest and in a commercial flock, the U.S. government said. In the latest outbreak, Foster Farms said in a statement that it had informed the U.S. Department of Agriculture after...

  • *MSCI world shares, U.S. stocks edge lower. The victory by the Syriza party spurred concern over fresh instability in the euro zone, even as the possibility of Greece leaving the bloc was considered remote. "The ongoing display of angst is that Greece removes itself from the euro zone.

  • Jan 26- Packaging companies Rock-Tenn Co and MeadWestvaco Corp agreed to form a combined $16 billion company to take on market leader International Paper Co in the United States and abroad. Shares of MeadWestvaco and Rock-Tenn rose to record highs. MeadWestvaco shareholders will have a 50.1 percent stake in the new company, which will be named before the deal...

  • NEW YORK, Jan 26- Long-dated U.S. But that was pretty well priced in, "said Lou Brien, market strategist at DRW Trading in Chicago. Greek election winning party Syriza's demands for a debt restructuring raised the prospect of a stand-off between Athens and other European nations that might lead to Greece exiting the euro grouping, although financial markets were...

  • WASHINGTON, Jan 26- The U.S. Supreme Court on Monday sided with a company that amended a collective bargaining agreement to force retirees to pay toward healthcare costs, throwing out a lower-court ruling that favored the former employees who objected to the change. On a unanimous vote, the nine-member court handed a win to M&G Polymers USA, a subsidiary of Italy-...

  • *Rock-Tenn and MeadWestvaco rally, set to merge. NEW YORK, Jan 26- U.S. stocks were little changed on Monday after a decisive Greek election victory by the Syriza party spurred concern over fresh instability in the euro zone, even as the possibility of Greece leaving the bloc was considered remote. The leftist Syriza party looked set to take on Greece's...

  • Jan 26- Mattel Inc, the maker of Barbie dolls and Fisher-Price preschool toys, removed chairman and chief executive Bryan Stockton and warned of a fifth straight fall in quarterly sales. Mattel's shares fell as much as 11 percent to a three-year low, but recovered most of the losses to trade down 3 percent. Mattel has been hit hard in recent years as its iconic Barbie...

  • Soros eyes investing in auto dealer groups -report Monday, 26 Jan 2015 | 10:48 AM ET

    DETROIT, Jan 26- Billionaire financier George Soros wants to invest in or buy a large automotive dealership group, potentially following in the footsteps of Warren Buffett, Automotive News reported. Two representatives of Soros Fund management, which Soros chairs, attended the National Automobile Dealers Association convention in San Francisco over the...

  • MOSCOW, Jan 26- The rouble and Russian stocks fell sharply on Monday, following a return to full-scale warfare in eastern Ukraine and threats of further Western sanctions against Russia. Washington and Brussels are both considering new sanctions against Russia after accusing it of openly supporting the latest rebel advance in Ukraine.

  • Jan 26- Hard-drive maker Seagate Technology Plc's revenue forecast for the current quarter fell well short of analyst estimates, largely due to weakness in Europe, sending the company's shares down almost 12 percent in early trading. Seagate's retail business in Europe, which accounts for about 20 percent of the company's revenue, shrank about 5 percent in the...

  • LONDON, Jan 26- Gold fell more than 1 percent on Monday as traders cashed in gains that took the metal to five-month highs last week, with the wider markets shrugging off news that an anti-austerity party had won elections in Greece. Greek leftist leader Alexis Tsipras, whose Syriza party swept to victory in a snap election on Sunday, was set to become prime minister...

  • Jan 26- Cereal maker Post Holdings Inc said it would acquire privately held rival MOM Brands Co for about $1.15 billion to expand in the growing bagged and hot cereal categories, sending its shares up as much as 9 percent. U.S. sales of bagged cereals grew 5.6 percent annually in the past four years, even though overall sales of cereals fell, Post said, quoting data...

  • UPDATE 6-Oil prices slip after smooth Saudi transition Monday, 26 Jan 2015 | 10:16 AM ET

    *OPEC secretary-general comments fail to sustain bounce. LONDON, Jan 26- Oil prices slipped on Monday after Saudi Arabia's new King Salman moved to assuage fears of an unstable transition and any policy change in the world's largest oil exporter. March Brent crude was trading at $48.55 per barrel by 1509 GMT, down 24 cents, above an early low of $47.57.

  • US STOCKS-Wall Street lower after Greek elections Monday, 26 Jan 2015 | 9:56 AM ET

    *Rock-Tenn and MeadWestvaco rally, set to merge. NEW YORK, Jan 26- U.S. stocks fell on Monday after a decisive Greek election victory by the Syriza party spurred concern over fresh instability in the euro zone, even as the possibility of Greece leaving the bloc was considered remote. The leftist Syriza party looked set to take on Greece's international lenders, with...